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Comment by gumby | Hacker News Reader

> I was always behind Magic Leap with the logic that "big investors like a16z google alibaba wouldn't get suckered"

Here's a few clarifications that might change your thinking about funding announcements.

Google Ventures passed on Magic Leap. Google Capital passed on Magic Leap. Sergey was enamored so Google's own balance sheet provided most of the B round. Word is that A16Z put only $3MM in -- basically enough to get some info rights and not piss google off.

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This is very interesting. Do you have a source on this? I can't find anything online.

Nobody I will quote in a forum(!) but I live in silicon valley where secrecy is poor.

If you want to look on the web it's not hard to verify if you're willing to do more than just a google query. For example you can easily tell from the web sites of GV and GC that ML is not in either of their portfolios. I can't find any Form D for magic leap but you can see what some of their investors put in if you dredge some of those non-googleable-but-public databases.

They're a Theranos if you ask me.

Yes it's quite obvious GV and Gcap are not in Magic Leap. But it doesn't mean they passed on Magic Leap. It could've been that Google Corp told them to back out because they were doing it alone. Speculation of course, but hard to tell.

Do you know what chemicals fueled this moon shot?

https://www.youtube.com/watch?v=w8J5BWL8oJY

Don, you're an expert in that technology!

I don't kn2ow what you're talking about.

Well played, sir!

I call BS, how does A16Z piss google off in this scenario, more money for Magic Leap the better, I doubt GV or GC even saw the deal

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